Monthly Archives: August 2014

Philippine economy rebounds, joins Asia top performers

The Philippine economy rebounded to post 6.4 per cent growth in the second quarter and regain its status as one of the strongest in Asia, authorities said Thursday (Aug 28). The private sector took the lead as the economy recovered … Continue reading

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Singapore manufacturing output up 3.3% on-year in July

Manufacturing output in the Republic rose 3.3 per cent on-year in July, boosted by a spike in the biomedical sector, the Economic Development Board (EDB) said on Tuesday (Aug 26). Excluding biomedical manufacturing, output decreased 2.2 per cent from a … Continue reading

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Vietnam, EU hail progress on free trade agreement

Vietnam’s prime minister on Monday (Aug 25) hailed progress in free trade talks with the European Union, saying a deal could be concluded as early as October. Prime Minister Nguyen Tan Dung was speaking after meeting European Commission head Jose … Continue reading

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ASEAN Collective Investment Scheme Framework launched

Singapore-based fund managers can now offer their retail funds directly to investors in Malaysia and Thailand under a streamlined process. This follows the launch of the ASEAN Collective Investment Scheme (CIS) Framework by the Monetary Authority of Singapore (MAS), the … Continue reading

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Thailand, Myanmar forge ‘landmark’ cooperation agreement

The THAILAND Convention and Exhibition Bureau (TCEB) is teaming up with Myanmar’s largest business association to hold trade shows and related events in both countries, as Myanmar continues its rapid opening to international business. TCEB and the Union of Myanmar … Continue reading

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Indonesia’s Widodo reiterates support for Jakarta monorail

Indonesia’s president-elect Joko Widodo on Wednesday (Aug 20) reiterated his support for the construction of a monorail system in Jakarta. Mr Widodo said a mass transportation system like the Jakarta Eco Transport Monorail (JET) is much needed for the capital … Continue reading

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Myanmar implements economic zone in border town with China

Myanmar is implementing a new central economic zone in Muse, aborder town in northern Shan state linking China’s Ruili of Yunnan province, to boostborder trade at the most important crossing between the two countries, according to theproject official saying on Tuesday. The new Muse Central Economic Zone, being established on over 120 hectares of land at acost of 51.54 million U.S. dollars, comprises 18 estates including jade trading facilities,markets, shops, hotels, restaurants and housing complexes, said the official. The plan of setting up of the Muse central economic zone was approved by localauthorities in early 2013 and it was targeted to be completed in 2007. Myanmar’s border trade with China is being mainly done through Muse, Lweje,Chinshwehaw and Kan Pite Tee. Muse stands as the highest border trade transaction between Myanmar and China,reaching over 3 billion U.S. dollars in the fiscal year 2013-14, accounting for over 60percent of Myanmar’s total border trade. According to Myanmar official statistics, the total value of China-Myanmar bilateral tradeis 6.619 billion U.S. dollars in 2013, accounting for 28.4 percent of Myanmar’s total foreigntrade value which was 23.29 billion U.S. dollars during the year. Figures also show that China’s investment in Myanmar has reached 14.251 billion U.S.dollars in 65 projects as of June 2014, accounting for 30.5 percent of the total and ranking the first in Myanmar’s foreign investment line-up.       Source : China Daily | August 19, 2014 Thomas D’Innocenzi

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